An Unbiased View of hk company registry

Appointing a company secretary is essential to be certain compliance with statutory needs and sustain right records. Anyone or simply a company can fulfil this function, but When you've got a sole director/shareholder, they cannot also act because the secretary.

All Hong Kong organizations have to have a neighborhood registered address. It is going to look on all authorized paperwork along with the authorities will ship any appropriate notices with deadlines below. We open, scan, and upload essential documents to your Osome account for safe storage and for your review.

Hong Kong follows a territorial taxation coverage and firms are taxed on the chargeable income created by carrying on a trade, business or occupation in the territorial scope of Hong Kong. Following incorporation, the Hong Kong tax authority concerns to your company the first tax return soon after eighteen months from the incorporation and the even more right until tax return according to the company’s fiscal 12 months close date.

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Even though the Hong Kong subsidiary setup procedure is lengthy, your company can experience various Positive aspects. Such as, starting a subsidiary allows you to operate under a restricted liability composition, which helps your parent company steer clear of pricey litigation or other fines.

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The non-public revenue (salaries) tax procedure in Hong Kong is really a progressive tax process. Which means that your cash flow is break up into a number of brackets where by reduce brackets are taxed at decrease premiums and better brackets are taxed at greater costs. Tax fees vary from two% to seventeen% having a optimum In general Internet cap of 15%.

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Individuals in Hong Kong obtain many allowances and deductions that they can component into their earnings declarations. This area will deliver a detailed breakdown of every part contributing to The online chargeable revenue.

Following incorporation, getting these steps makes sure that your company operates lawfully and effectively. By addressing these necessities early, you’ll stay clear of long term problems and set up a powerful foundation for development.

Osome served me arrange my business when I was nevertheless travelling - the process from onboarding to obtaining all documents is seamless, and thoughts are often answered within below 24 several hours. Thanks, Osome!

In Hong Kong, you’ll also require identification documents, evidence of residence, along with a lender letter for the people serving as your company officers. You will also require to rent a company secretarial providers provider considering the fact that this is the prerequisite for your institution and operation from the find more company.

In the event the registered particulars on the business have adjusted, the business operator has to inform the IRD in writing inside 1 month in the adjust.